Overview
- SEC 13F filings for positions as of Sept. 30 show Scion bought roughly $187.6 million in Nvidia puts and $912 million in Palantir puts, equal to about 1 million and 5 million shares, respectively.
- Nvidia fell nearly 4% and Palantir about 8% on Tuesday as the Nasdaq slid roughly 2% and the S&P 500 about 1.2%, with losses extending to Asian suppliers such as TSMC, Samsung and SK Hynix.
- Palantir CEO Alex Karp blasted the wager in a CNBC interview, calling shorting his company and Nvidia “batsh-t crazy” and arguing they are the firms generating cash.
- Markets showed partial stabilization the next session, with U.S. indexes edging higher and Nvidia ticking up, though Palantir remained weaker.
- The filing may not reflect Scion’s current exposure and offered no hedge caveat seen in a prior quarter; Scion also disclosed calls on Pfizer and Halliburton as Burry’s recent X posts warned of bubble risk and bank chiefs flagged potential 10%–20% drawdowns.